Multifamily - Debt

NorthMarq Capital arranges $1.5 million mortgage for Wallingford View Apartments in Chester, Pennsylvania

PHILADELPHIA, PA (Oct. 9, 2013) – Michael Aylmer, assistant vice president of NorthMarq’s Philadelphia regional office, arranged first mortgage refinancing of $1.5 million for Wallingford View Apartments, a 50 unit conventional market multifamily property, located at 2701 Chestnut Street, Chester, PA. Financing was based on a 5-year term and a 30-year amortization schedule. NorthMarq arranged this financing for the borrower through its relationship with a Fannie Mae DUS lender.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.